An increased investment of $2.3 million by an unnamed “major global European bank” in smart capture specialist Kofax represents a deepened commitment to the technology company’s signature trio of products: Capture, Transformation Modules, and Mobile Capture.
Kofax focuses on “First Mile” customer interactions, developing software that makes it easier for financial institutions to process the more than 350 million forms, documents, and checks generated every year. The company’s solutions range from technology that provides scan-to-archive document scanning and digital image creation (Capture) to data extraction and validation capabilities (Transformation).
We last reported on Kofax on June, as the company announced its Analytics for Capture technology.
Kofax has more than 20,000 customers in the fields of banking, insurance, and business process outsourcing. Founded in 1985 and headquartered in Irvine, California, the company’s services and products are available in more than 70 countries around the world.
Kofax demoed its technology as part of the FinovateSpring 2013 show in May, and will be among the companies presenting at FinovateFall 2013 in New York in September. Find out how to see Kofax in person here.